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02-24-2009, 08:40 PM
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#1 (permalink)
| | Junior Member
Join Date: Feb 2009
Posts: 9
My Mood: | COA vs non COA
what's your opinion about coins w/ COA or w/o COA ? will you give the same value/price with them ?
in this case we talk about gold or silver coins for investing i think
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02-24-2009, 09:20 PM
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#2 (permalink)
| | Rat Powered
Join Date: Jun 2005 Location: Wyoming
Posts: 599
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I once heard COAs described as worthless pieces of paper. I think that is true in a lot of cases. For example, many of the ones that come with coins purchased off of TV shows or from the various "mints" (not THE US Mint) are pretty generic, only stating that the seller guarantees the coin, whatever it is, to be authentic. Sometimes the COA doesn't give the denomination of the coin, and it certainly doesn't get specific enough to give the date and mintmark. Call me jaded, but I've often felt that they do this to make a buyer feel more at ease with his purchase yet at the same time giving them a way to avoid any type of claim against them for selling a counterfeit coin, or even one that was misgraded. The COA is too non specific for a reason. Moreover, I've seen many of the same COAs used for multiple series and multiple denominations of coins too, both silver and gold.
The best thing for you to do is to become very familiar with whatever it is you are collecting. A COA is a COA. It isn't going to tell you that the coin looks right, feels right, weighs properly, grades correctly, and so forth.
__________________ "Yes, I do have 3 cents, but I'd rather have 97 cents change from my dollar." Betsy Sheila |
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02-24-2009, 09:53 PM
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#3 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,390
My Mood: |
i rather have a coin with original c.o.a. and other things attached to it. even if the c.o.a. is nothing important. it look complete. beside having c.o.a. is proving that person is well taking care of that coin.
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02-24-2009, 09:56 PM
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#4 (permalink)
| | Wise young snail
Join Date: Oct 2008 Location: im in ur fridge eatin ur foodz
Posts: 2,976
My Mood: | Quote:
Originally Posted by elaine 1970 i rather have a coin with original c.o.a. and other things attached to it. even if the c.o.a. is nothing important. it look complete. beside having c.o.a. is proving that person is well taking care of that coin. | My exact feelings.
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02-24-2009, 10:10 PM
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#5 (permalink)
| | Clueless
Join Date: Nov 2008 Location: Central Maine
Posts: 558
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Originally Posted by FreakyGarrettC My exact feelings. | I agree. G shouldn't you be in bed getting better. |
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02-25-2009, 09:36 AM
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#6 (permalink)
| | Wise young snail
Join Date: Oct 2008 Location: im in ur fridge eatin ur foodz
Posts: 2,976
My Mood: | Quote:
Originally Posted by Andrew67 I agree. G shouldn't you be in bed getting better.  | I have a laptop. |
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02-25-2009, 12:58 AM
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#7 (permalink)
| | Junior Member
Join Date: Feb 2009
Posts: 9
My Mood: |
thank's for your all opinion ^____^
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02-25-2009, 08:52 AM
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#8 (permalink)
| | Supporter**
Join Date: Sep 2005 Location: Michigan
Posts: 7,999
My Mood: |
i wont buy any modern commems without the packaging as it comes from the mint. It may be worthless paper as someone said  but its part of the presentation imho.
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02-25-2009, 09:15 AM
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#9 (permalink)
| | Junior Member
Join Date: Jan 2009
Posts: 12
My Mood: |
Elaine is exactly correct.I sell a whole lot of commemoratives (well over 3300 ebay transactions and countless sales aside from ebay) and I can say that a COA along with all mint issued packaging is key to getting top price for these types of issues due to the fact that having them in good condition shows how they have been cared for.
On other items such as say Spanish Pillar and bust dollars,because so many have been faked over the years,a COA from a respected expert gives buyers the piece of mind they need to be confident about a purchase.
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02-25-2009, 02:24 PM
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#10 (permalink)
| | Treasure Hunter
Join Date: May 2005
Posts: 5,234
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If you are going to pay full price for a modern commemorative, you should get all of the packaging or paperwork. If you are buying anything for close to melt value, or any coin that isn't a modern commem, it makes no difference.
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02-25-2009, 03:54 PM
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#11 (permalink)
| | exsisto magister
Join Date: Jan 2009 Location: Indianapolis, IN
Posts: 1,171
My Mood: | Quote:
Originally Posted by Cloudsweeper99 If you are going to pay full price for a modern commemorative, you should get all of the packaging or paperwork. If you are buying anything for close to melt value, or any coin that isn't a modern commem, it makes no difference. | I agree, I discount US mint items when buying them if they do not have COA's or boxes because the people who buy them from me then discount them when they buy them from me for the same reason.
As far as other stuff is concerned... the COA's are usually there to add an semblance of value to something that may not have any.... another sales pitch or selling point IMO.
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02-25-2009, 04:57 PM
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#12 (permalink)
| | Junior Member
Join Date: Jan 2009
Posts: 12
My Mood: | Quote:
Originally Posted by LostDutchman I agree, I discount US mint items when buying them if they do not have COA's or boxes because the people who buy them from me then discount them when they buy them from me for the same reason.
As far as other stuff is concerned... the COA's are usually there to add an semblance of value to something that may not have any.... another sales pitch or selling point IMO. | True unless you are talking about a COA on a particular coin from a noted and industry respected expert.COAs provided by marketing companies printed like wall paper are certainly not included in my earlier comment.-lol
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02-26-2009, 10:13 AM
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#13 (permalink)
| | exsisto magister
Join Date: Jan 2009 Location: Indianapolis, IN
Posts: 1,171
My Mood: | Quote:
Originally Posted by Yorkazuna True unless you are talking about a COA on a particular coin from a noted and industry respected expert.COAs provided by marketing companies printed like wall paper are certainly not included in my earlier comment.-lol | I agree with that. But I haven't seen too many of the aforementioned COA's from experts.
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02-26-2009, 09:34 AM
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#14 (permalink)
| | Treasure Hunter
Join Date: May 2005
Posts: 5,234
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Originally Posted by LostDutchman As far as other stuff is concerned... the COA's are usually there to add an semblance of value to something that may not have any.... another sales pitch or selling point IMO. | The US Mint learned long ago that if they produce coins with mintage limits to create artificial scarcity and package them nicely, the market treats them as valuable. I occasionally find a silver commem in an antique shop or elsewhere without any packaging selling for about melt value. It is usually a coin in average MS condition. That's about the only time I buy them. However, many gold commems sell for melt value in MS69 holders from reputable TPGs. That's one of my favorite buys. |
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02-26-2009, 10:11 AM
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#15 (permalink)
| | Coin Hoarder
Join Date: Dec 2008 Location: Knoxville
Posts: 1,266
| COA, non COA, ABC, non ABC, DEIFG
COA, non COA, ABC, non ABC, DEIFG??????????
With this little sticker and $2 you can get a pretty good cup of coffee or a lottery ticket - both with be worth more that any sticker there is. I keep telling you'all - this entire deck of cards ( modern high graded coins and stickers) is going to come tumbling down and then you can remember your old friend Ben who time and time again forewarned you of it!
I guarantee that modern graded coins in ABCD MS & Pr.-69 are going to be used as doorstops and will trade at less (in some cases much less) than the original packaged material - and this original modern stuff will also be worth very little even in the original package.
__________________ Benjamin Harrison Peters III Owner/Operator The Knoxville Coin Show Longest running Coin Show in the south now for over 27 years! |
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